Novig has reportedly raised new funding at a $2 billion valuation, quadrupling the sports-focused prediction market operator’s value since its previous financing round earlier this year. The company was valued at $500 million in February after raising $75 million in a funding round led by Pantera Capital and other investors. The latest financing therefore represents a fourfold increase in less...
The UK Gambling Commission (UKGC) has confirmed new technical and licensing requirements for land-based gaming machines, with the first measures due to take effect in March 2027. The framework follows a consultation launched in 2025 that received 1,065 responses and covered the Gaming Machine Technical Standards, the Gaming Machine Testing Strategy and Licence Conditions and Codes of Practice. The reforms...
Bombay Club, the luxury casino and hospitality venue developed by Bombay Group in Tallinn’s Old Town, has ceased operations as parent company Yolo Group moves away from land-based gambling activities in Estonia. The casino closed on September 30, while Shang Shi, the Cantonese fine-dining restaurant that formed part of the original project, is scheduled to serve its final guests on...
Brazil’s newly imposed prohibition on online gambling has been followed by a sharp increase in the number of detected illegal betting websites, intensifying concerns about the scale of the country’s unregulated market as authorities move to shut down licensed operators. Data gathered by Bet Legal, a monitoring platform operated in partnership with cybersecurity firm Iron Security, shows that hundreds of...
New Jersey lawmakers are once again considering legislation that would change how the state handles underage gambling violations in casinos and simulcasting facilities. A bipartisan measure filed in the Senate seeks to replace criminal penalties with a system of escalating civil fines while directing all collected revenue toward gambling addiction services. Senate Bill 597, sponsored by Sen. James Beach, a...
Revenue-sharing payments from Michigan tribal casinos have fallen sharply as more tribes withhold money from the state over disputes involving gambling exclusivity, adding pressure to a funding stream that supports the Michigan Economic Development Corp. Payments to the Michigan Strategic Fund dropped 71% from $52.8 million in 2022 to $15.4 million in 2025, according to Michigan Gaming Control Board figures....
Norway’s Ministry of Culture and Equality has opened a public consultation on regulatory changes that would allow state-owned Norsk Tipping to offer online poker, with a package of limits intended to reduce gambling-related harm. The consultation was published on September 29 and remains open for responses until November 29. The ministry shortened the consultation period because it wants the amended...
Indian Gaming Association Chairman David Z. Bean has welcomed a recent Ninth Circuit decision involving Kalshi, describing the ruling as support for concerns tribal gaming organizations have raised about sports-related prediction markets for nearly two years. In commentary published after the September 16 decision, Bean focused on what the case means for tribal sovereignty and the regulatory authority tribes exercise...
SkyCity Entertainment Group is preparing to formally seek buyers for SkyCity Adelaide after receiving interest from potential purchasers during a strategic review of the Australian casino. The company said in a September 30 filing that UBS will manage the sale process and seek proposals from parties that have already expressed interest as well as other potential bidders. SkyCity announced the...
The National Council on Problem Gambling (NCPG) has launched a search for a new executive director after Heather Maurer resigned less than a year after taking the leadership role, marking another significant change for the organization during a period of internal and external scrutiny. The nonprofit confirmed that Maurer will remain in her position through October 16 to assist with...